HAMILTON: Northern Ocean Ltd. (NOL) announced the harsh environment semi-submersible drilling rig West Bollsta commenced its operations for Lundin Energy Norway AS in the Barents Sea. The West Bollsta’s initial contract is for work in the Norwegian continental shelf under a 10 well contract with 4 additional option wells available to Lundin. As previously disclosed,…
PSO invites bids for supply of three LNG cargoes in winter
ISLAMABAD: State owned Pakistan State Oil (PSO) has opted for spot buying of Liquefied Natural Gas (LNG) inviting bids from international suppliers for the import of three LNG consignments to be delivered each in November 2020, December 2020 and January 2021. Pakistan is ramping up spot buying of LNG, which is considerably cheaper than the…
Gaming Realms signs licensing agreement with NetEnt
LONDON: Gaming Realms plc, the developer and licensor of mobile focused gaming content, has signed a multi-year licensing agreement with leading provider of premium gaming solutions to online casino operators, NetEnt, to develop Slingo games based on NetEnt’s renowned IP. The first game to be launched will be Slingo Starburst. Under the terms of the…
Invinity selected for California energy storage projects
LONDON: Invinity Energy Systems announced its participation in four separate energy storage projects funded by the California Energy Commission (CEC). Invinity Energy Systems is a manufacturer of vanadium flow batteries (VFBs) for the large-scale energy storage requirements of businesses, industry and electricity networks. In January 2020, the California Energy Commission, California‘s primary energy policy and…
EG Report shows a surge in interest for satellite offices post COVID-19 lockdown
LONDON: EG, a market-leading supplier of data, news and analytics products and services for the UK commercial real estate market announced today the findings of its inaugural EG Propertylink Occupier Sentiment Report, which were made public for the first time. The report found that interest in offices in satellite and regional locations has surged since…
Total enters the floating offshore wind sector in France
PARIS: Total SE becomes a 20% shareholder in the Eolmed floating wind farm pilot project, located in the Mediterranean, off the coast of Gruissan and near Port-La-Nouvelle (Occitan region), a news release said. Attributed in July 2016, this 30 megawatts (MW) project will accelerate the development of a floating wind technology. Together with Qair, the…
entrexIT and Biocom launch new IT platform for life science companies
SAN DIEGO: centrexIT and Biocom announced the launch of IT Deal Desk. The latest platform provides Biocom members with exclusive access to an extensive, vetted partner network and simplifies the task of negotiating and securing agreements on members’ behalf. “centrexIT has decades of collective experience operating IT strategy in the life science industry. Currently, roughly…
Kudelski Security and TÜV Rheinland announce collaboration on managed security services
PHOENIX: TÜV Rheinland, a global leader in product and system security audits, and Kudelski Security, the cybersecurity division within the Kudelski Group, announced their collaboration to reinforce and extend the security of TÜV Rheinland’s assets and data. TÜV Rheinland requires a level of cybersecurity commensurate to the demands of a global leader in testing, inspection,…
CDB Aviation agrees to lease additional six A321neos to Wizz Air
DUBLIN: CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited, announced an extension of the company’s relationship with Wizz Air Holdings Plc with an additional sale and leaseback transaction for a batch of six Airbus A321neo aircraft. Wizz Air is expected to receive four A321neos in the fourth quarter…
Chevron Phillips Chemical names B.J. Hebert executive vice president and chief operating officer
THE WOODLANDS: Chevron Phillips Chemical Company LLC announced that B.J. Hebert will join the company as executive vice president and chief operating officer, effective November 1. In this newly created role, Hebert will have responsibility for the company’s manufacturing operations and commercial functions. “B.J. is a proven leader who brings to CPChem deep industry experience…
Norsemont Mining appoints Marc Levy as Chairman and CEO
VANCOUVER: Norsemont Mining Inc. announced the appointment of Mr. Marc Levy as Chief Executive Officer and Chairman of the board. Mr. Levy was the founder and former CEO and Chairman of Norsemont Mining (TSX: NOM), which he grew from a market capitalization of $1 Million (CAD) and subsequently sold to Hudbay Minerals Inc. (TSX: HBM)…
Oliver’s Real Food and EG Fuelco enter into master franchise agreement
PERTH: Oliver’s Real Food Limited has today entered into a Master Franchise Agreement (MFA) to appoint EG Fuelco (Australia) Limited as its exclusive franchisee of Oliver’s Real Food branded restaurants in the petrol and convenience sector in Australia. The initial term of the agreement is 10 years. The new agreement is in addition to the…